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- LoopNet Team
701-715 Wilkinson Blvd
Frankfort, KY 40601
Multifamily Property For Sale · 30 Units
Investment Highlights
- 100% New HVAC
- 100% renovated interiors
- Washer/Dryer in each unit (some stackable and some side by side)
- 100% New water heaters
- Resident Garden
PROPERTY FACTS
| No. Units | 30 | Building Size | 289,277 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1969/2019 |
| Building Class | C | Parking Ratio | 0.2/1,000 SF |
| Lot Size | 1.65 AC |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 289,277 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2019 |
| Parking Ratio | 0.2/1,000 SF |
About 701-715 Wilkinson Blvd , Frankfort, KY 40601
Silvestri Real Estate is pleased to present the exclusive listing of UrbanWoods Apartments. UrbanWoods is a 30 unit townhome community located in Kentucky's State Capital, Frankfort. The current owners have spent over $1,000,000 transforming the property. The property is now stabilized and is ideal for the investor looking for cash-flow with low capital expenditure needs. The residents pay their own electric and will be paying water upon renewal (The current owners just installed individual bluetooth water meters to calculate usage). UrbanWoods is located just inside the Kentucky River providing easy access for residents. The current owners have placed Kayaks and bikes throughout the property that are free for the residents to use. Also, located directly behind UrbanWoods is a 150 acre park with a 6 mile hiking path. Multiple distilleries, breweries, and restaurants are located within a short walk/drive of UrbanWoods (Sig Lusher - 0.4 Miles, Buffalo Trace - 1.0 Miles, Bourbon on Maine - 1.6 Miles, Kentucky Distillers Association - 1.9 Miles). ***Financials are on a T-1 since the asset just stabilized. A T-12 can be provided, however, is not a reflection of the property going forward as 100% of the units have been turned***
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $650.00 | - |
| 2+1 | 10 | $795.00 | - |
| 3+1 | 12 | $895.00 | - |
PROPERTY TAXES
| Parcel Number | 061-00-00-101.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,200,000 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
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